what is utility function
Answers
Answered by
1
Answer:
Within economics, the concept of utility is used to model worth or value. Its usage has evolved significantly over time. The term was introduced initially as a measure of pleasure or happiness within the theory of utilitarianism by moral philosophers such as Jeremy Bentham and John Stuart Mill.
Answered by
3
Answer:
Within economics, the concept of utility is used to model worth or value. Its usage has evolved significantly over time. The term was introduced initially as a measure of pleasure or happiness within the theory of utilitarianism by moral philosophers such as Jeremy Bentham and John Stuart Mill
Similar questions
Computer Science,
16 hours ago
Math,
16 hours ago
English,
16 hours ago
Math,
1 day ago
Social Sciences,
7 months ago
Geography,
7 months ago
Computer Science,
7 months ago